PRESS RELEASE

from Edison Investment Research Limited (LON:KEFI)

Edison issues initiation on Zalaris (ZAL): Simplifying HR and payroll solutions

Edison Investment Research Limited
Edison issues initiation on Zalaris (ZAL): Simplifying HR and payroll solutions

13-March-2024 / 13:29 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 13 März 2024

 

Edison issues initiation on Zalaris (ZAL): Simplifying HR and payroll solutions

Zalaris is a leading European provider of comprehensive payroll and HR solutions and services, covering the entire employee lifecycle. The company’s proprietary platform PeopleHub is tailored towards multinational corporations or large and complex single-country projects, the more attractive end of the business process outsourcing (BPO) market. Due to long-term relationships with customers and a low churn rate, the company has an improving financial profile with good revenue momentum as well as visibility due to a large proportion of recurring revenues in the mix. Margin initiatives are starting to bear fruit, which should drive further cash generation and returns.

Zalaris should continue to grow as it renews contracts with existing customers and wins new business in geographies where it is currently underrepresented relative to the market size. Our DCF-based valuation of NOK87.1 per share reflects a conservative mid-term growth rate and EBIT margin, representing a good level of upside from the current share price. 

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: As a content-led investor-relations business, Edison helps companies stand out and meet the right shareholders. Edison’s integrated investor relations solution combines expert analyst content, digital targeting and active investor engagement. This drives liquidity and valuations by building bigger, better informed and more engaged investor audiences globally.

Edison has a proven history of increasing liquidity and valuations for its clients. Edison’s content can be viewed by all investors, anywhere in the world.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Milo Bussell +44 (0)20 3077 5700 tech@edisongroup.com

Dan Ridsdale +44 (0)20 3077 5700 tech@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn https://www.linkedin.com/company/edison-group-/

Twitter  www.twitter.com/Edison_Inv_Res

YouTube http://www.youtube.com/edisonitv



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1858111  13-March-2024 

fncls.ssp?fn=show_t_gif&application_id=1858111&application_name=news&site_id=symex~~~af100301-a623-4c64-8f3d-90fc88eca9e6
See all Edison Investment Research Limited news